Bitcoin – Page 43

PR Blockchain Trade Association Member DLTx ASA, enters into business agreement with and Blockchain Moon Acquisition Corp Announce a Business Combination to go Public

San Juan, PR, October 19, 2022— PR Blockchain Trade Association Member DLTx ASA, enters into business agreement with and Blockchain Moon Acquisition Corp., a special purpose acquisition vehicle, announced that they have entered into a combined business agreement pursuant to which Blockchain Moon will acquire all of the subsidiaries and substantially all of the assets of DLTx ASA. The Company will be based in the United States and will continue to specialize in protocols that provide predictable value both in utility...

Altcoins like Litecoin and Chainlink Show Strong Whale Activity

The world’s largest cryptocurrency Bitcoin (BTC) has seen some selling pressure recently moving closer to $19,000. On the other hand, a few altcoins have been showing good momentum with strong whale accumulation and address activity. Oracle service provider Chainlink has been on the radar of big investors who have been accumulating the altcoin throughout the bear market of 2022. The LINK price has been oscillating in the price range between $6-$8 which is seen as a major accumulation zone. As...

Data Points To Bounce, But There’s A Catch

Just like Bitcoin (BTC), the altcoin traders are awaiting a season of bull market environment in coming future. From early 2022, the crypto market as a whole saw a constant drop in prices following a staggering price jump last year. In this context, there are more profit taking open trade positions currently than there are long term buy positions. This is a clear indication of the prevailing negative market sentiment plagued by unfavorable macro environment.

A Short Altcoin Season Incoming?

According...

Bitcoin (BTC) Breakout Will Begin In Early 2023?

That Bitcoin (BTC) has been correlating with traditional markets has been one of the striking aspects of the current cycle. The ongoing crypto bear market cycle has been strange in many ways. One such trend is the way in which there is a drop in short positions when approaching a potential Bitcoin bottom. In this context, the U.S. Federal Reserve is determined to control inflation by continuing to rise interest rates. However, estimated figures show that a Bitcoin breakout...

$111M Stablecoins Flow Into Exchanges, Buying Pressure For Bitcoin? –

On-chain data shows large amounts of stablecoins have entered exchanges recently, something that could provide buying pressure for Bitcoin.

Around $111 Million Stablecoins Flowed Into Exchanges In Last Couple Of Days

As pointed out by an analyst in a CryptoQuant post, the latest stablecoin inflow is the largest observed in this month so far. The relevant indicator here is the “exchange netflow,” which measures the net amount of stablecoins (of any kind) moving into or out of wallets of all centralized spot...

Bitcoin [BTC] Yes, supply on exchanges is at a 4-year low, but there is more

During the intraday trading session on 18 October, the leading coin Bitcoin [BTC], recorded a surge in activity across various exchanges, data from Santiment showed. According to the blockchain analytics platform, BTC saw a significant rally in the number of coins taken off exchanges and a continued decline in the asset’s supply on exchanges. On 18 October, with a daily amount of 40,572 BTC, the king coin registered its largest net flow of...

Bitcoin Fail – 80% Of El Salvador’s People Believe The President’s Crypto Program Is A Disaster –

Bitcoin took the internet by storm in 2021 when El Salvador – the smallest country in South America – announced it will make the cryptocurrency a legal tender. The plan was first made public during the 2021 Bitcoin Conference that was held in Miami through a video of El Salvador President Nayib Bukele that shared the nation’s plan to adopt a bill that will make Bitcoin legal tender. Bukele said the move was to make it easier for its people living...

Tesla Nukes Altcoin Market, Elon Musk Does Damage Control

The crypto market struggles due to a wide variety of macroeconomic factors. The altcoins market in particular faced a major crisis. Ethereum fell by 2% in the last 24 hours and is trading at $1281. Meanwhile, Cardano and Solana fell by 3% and 5% respectively. The Tesla earnings report was an important reason for the poor performance of the altcoins market. Tesla missed its expected earnings for the third quarter and the company’s stock plummeted as a result. In the...

Chainlink ($LINK) Will ‘Move Hard to the Upside’, Says Popular Cryptocurrency Analyst

A popular cryptocurrency analyst has revealed they believe that the price of smart contract oracle platform Chainlink ($LINK) will “move hard to the upside” in the near future, despite seeing sideways price action over the last few months. According to the pseudonymous analyst Altcoin Sherpa, $LINK has been...

How LUNA buyers can deploy this shorting strategy to hedge their risks

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Terra’s LUNA fell back into its bearish shackles after reversing from its trendline resistance. The crypto’s Social Dominance marked a declining trend while diverging with the price action. Terra’s May 2022 meltdown pulled its price to ruins. But the recovery efforts over the last few months have chalked out a psychological support level in the investors’ minds in the $1.5-$1.7 range. Here’s AMBCrypto’s price...